Jackie Speier one of our US House representatives rightly believes the current limit of $417,000 for Obama’s refi plan will not help many folks in the San Francisco Bay Area.
The SF Chronicle published an article that indicates only 7% to 8% of the homeowners in San Francisco, San Mateo, and Santa Clara Counties will be helped under Obama’s plan.
Julie Joyce Coldwell Banker Piedmont/Montclaire informs her readers of Jackie’s proposal.
We will also keep an eye on Obama’s latest proposal to limit the mortgage interest deduction for high-income earners.
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